Key messages for self-managed super fund trustees

Read this information in conjunction with the Trustee declaration (NAT 71089).

You must complete and sign a Trustee declaration (NAT 71089) to show you understand your duties and responsibilities under super laws if you:

become a trustee or director of a corporate trustee (trustee) of a new self-managed super fund (SMSF)

become a trustee of an existing SMSF.

The declaration must also be signed if you are a legal personal representative who has been appointed as trustee on behalf of a:

member who is under a legal disability (usually a member under 18 years old)

member for whom you hold an enduring power of attorney

deceased member.

You must sign the declaration within 21 days of becoming a trustee.

If you are an existing trustee and you have undertaken an ATO approved course of education in compliance with an education direction, you must sign a declaration within 21 days of completing the course.

Our commitment to you

We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations.

If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take.

Some of the information on this website applies to a specific financial year. This is clearly marked. Make sure you have the information for the right year before making decisions based on that information.

If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice.